Monday, September 8, 2014

Carlyle Group LP agreed to pay $115 million to settle a U.S. lawsuit accusing it of conspiring with rival private equity firms not to outbid each other on takeovers prior to the financial crisis. The settlement was disclosed in a Friday evening filing with the U.S. District Court in Boston.Carlyle, led by David Rubenstein, became the seventh and last private equity firm to settle the nearly seven-year-old case, with settlements totaling $590.5 million.Others that previously settled include Bain Capital Partners LLC, Blackstone Group LP, a Goldman Sachs Group Inc affiliate, KKR & Co, Silver Lake Partners LP and TPG Capital LP.The settlements require approval by U.S. District Judge William Young in Boston. A hearing to consider preliminary approval is scheduled for Sept. 29. Attorneys' fees have yet to be determined.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.18% or $0.06/share to $33.14. In the past year, the shares have traded as low as $22.16 and as high as $36.08. On average, 4419600 shares of BX exchange hands on a given day and today's volume is recorded at 131994.

Shares of CG fell by 0.34% or $-0.11/share to $32.51. In the past year, the shares have traded as low as $24.95 and as high as $39.38. On average, 369444 shares of CG exchange hands on a given day and today's volume is recorded at 8413.

The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.43% or $0.78/share to $180.53. In the past year, the shares have traded as low as $151.65 and as high as $182.07. On average, 2410470 shares of GS exchange hands on a given day and today's volume is recorded at 132007.

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